Oren Peli, whose Paranormal Activity is rapidly growing into a cult hit in North America, will start shooting next week on his follow-up Area 51.

The project is co-financed by Agamid Entertainment Fund and Incentive Filmed Entertainment, with IM Global handling worldwide sales and CAA co-representing the title in the US.

All that is known of the storyline is that it centres on three teenagers who investigate the mysterious Area 51 Air Force base deep in the Nevada desert.

Jason Blum is producing through his Blumhouse Productions label with Room 101’s Steven Schneider and IM Global chief Stuart Ford, who sold international rights on Paranormal Activity, serving as executive producers.

“Actually, I’d rather not say anything about Area 51 except that I am very pleased to be working with the same team who have stood by me for the two or three years it took Paranormal Activity to get into theatres,” Peli said.

“Not since Blair Witch has such innovative film-making set off such a stampede among young movie audiences,” David Molner, chairman of both Incentive and Aramid Capital Partners, said. “We are proud and privileged to be in business with Oren and Jason and our longtime partners at IM Global.”

“We’ve already had a crazy ride with Oren and Jason on Paranormal Activity that looks set to get even crazier,” Ford said. “It’s exciting to be launching into Area 51 with Oren just as a worldwide audience is discovering his thrilling debut.”

Paranormal Activity launched two weeks ago and has grossed more than $850,000 from midnight screenings only in 33 theatres.

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